Narrow search
Showing 1 - 10 of 114
Cover Image
A Stochastic Forward-Looking Model to Assess the Profitability and Solvency of European Insurers
Berdin, Elia - 2017
solvency of the main euro area insurance sectors. We model the balance sheet of an insurance company encompassing both life and … non-life business and we calibrate it using country level data to make it representative of the major euro area insurance …
Persistent link: https://www.econbiz.de/10012961958
Cover Image
Forecasting ECB monetary policy: accuracy is (still) a matter of geography
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006
involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand … banking in the past. In large part this heterogeneity can be traced to differences in forecasting models. While some …
Persistent link: https://www.econbiz.de/10011604624
Cover Image
The Political Economy Under Monetary Union : Has the Euro Made a Difference?
Fratzscher, Marcel; Stracca, Livio - 2021
Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...
Persistent link: https://www.econbiz.de/10013316460
Cover Image
Joint Estimation of the Natural Rate of Interest, the Natural Rate of Unemployment, Expected Inflation, and Potential Output
Benati, Luca; Vitale, Giovanni - 2021
output for the Euro area, the United States, Sweden, Australia, and the United Kingdom. Particular attention is paid to time …
Persistent link: https://www.econbiz.de/10013316896
Cover Image
Banking system stability: a cross-Atlantic perspective
Hartmann, Philipp; Straetmans, Stefan; de Vries, Casper - 2005
This paper derives indicators of the severity and structure of banking system risk from asymptotic interdependencies … the euro area, we can also compare banking system stability between the two largest economies in the world. For Europe we …
Persistent link: https://www.econbiz.de/10011604573
Cover Image
Acquisition versus greenfield: the impact of the mode of foreign bank entry on information and bank lending rates
Claeys, Sophie; Hainz, Christa - 2006
Policy makers often decide to liberalize foreign bank entry but at the same time restrict the mode of entry. We study how different entry modes affect the interest rate for loans in a model in which domestic banks possess private information about their incumbent clients but foreign banks have...
Persistent link: https://www.econbiz.de/10011604699
Cover Image
Cross-border bank contagion in Europe
Gropp, Reint E.; Lo Duca, Marco; Vesala, Jukka - 2006
This paper analyses cross-border contagion in a sample of European banks from January 1994 to January 2003. We use a multinomial logit model to estimate the number of banks in a given country that experience a large shock on the same day (“coexceedances”) as a function of variables measuring...
Persistent link: https://www.econbiz.de/10011604708
Cover Image
Is there a single frontier in a single European banking market?
Bos, Jaap W. B.; Schmiedel, Heiko - 2006
EU. Using a data set of more than 5000 large commercial banks from all major European banking markets over the period … 1993-2004, the application of meta-frontiers enables us to assess the existence of a single and integrated European banking … market. We find evidence in favor of a single European banking market characterized by cost and profit meta …
Persistent link: https://www.econbiz.de/10011604747
Cover Image
The impact of public guarantees on bank risk taking: evidence from a natural experiment
Gropp, Reint E.; Gruendl, Christian; Guettler, Andre - 2010
In 2001, government guarantees for savings banks in Germany were removed following a law suit. We use this natural experiment to examine the effect of government guarantees on bank risk taking, using a large data set of matched bank/borrower information. The results suggest that banks whose...
Persistent link: https://www.econbiz.de/10011605318
Cover Image
Bank Heterogeneity and Monetary Policy Transmission
Brissimis, Sophocles N. - 2010
Heterogeneity in the response of banks to a change in monetary policy is an important element in the transmission of this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal factors influencing banks' reaction in terms of lending and...
Persistent link: https://www.econbiz.de/10013139446